Tag: Legal
Texas Man Sentenced to Two Years for Crypto Tax Evasion in Landmark Case
Texas Man Sentenced to Two Years for Crypto Tax Evasion in Landmark CaseFrank Richard Ahlgren III, an early Bitcoin investor from Austin, Texas, has been sentenced to two years in prison for tax evasion....
California Judge Denies Kraken’s Interlocutory Appeal Request
A California judge has denied Kraken's request for an interlocutory appeal, stating that allowing an appeal would only delay the resolution of the U.S. Securities and Exchange Commission's (SEC) case against the crypto exchange....
XRP Price Soars Over $1 Amid SEC Legal Troubles and Positive Regulatory Changes
XRP's price has skyrocketed to over $1 this week, nearly doubling in value. This surge comes amidst the U.S. Securities and Exchange Commission's (SEC) legal challenges and positive regulatory changes in the cryptocurrency market....
Federal Prosecutors Scale Back Cryptocurrency Lawsuits
Federal prosecutors are easing up on their crackdown on cryptocurrency businesses, providing some relief to the industry. This decision comes after President Donald Trump's re-election, with the U.S. Attorney's Office in Manhattan signaling a...
Challenges of Blocking U.S. Users on Polymarket: A Closer Look
Polymarket, a prediction market platform, is currently facing challenges as it is under investigation by the Department of Justice for allowing U.S. residents to trade on its platform despite a regulatory settlement prohibiting such...
Navigating the Slow Resolution of Crypto Enforcement Shackles
The Securities and Exchange Commission (SEC) is facing challenges in resolving its legal issues with the crypto industry despite having a commission that is friendly towards the industry. Dropping existing cases would require a...
Former Alameda Co-CEO Sam Trabucco Forfeits $70M, Yacht, Apartments to FTX Creditors
Former Alameda Research co-CEO, Sam Trabucco, has agreed to surrender two properties and a 53-foot yacht to creditors of the failed crypto exchange FTX, according to a recent filing. Trabucco, who was closely associated...
FTX Lawsuit Against Crypto.com for Recovery of Millions from Alameda Research
FTX recently took legal action against Crypto.com in an attempt to recover more than $11 million from an account linked to Alameda Research, a sister company of Crypto.com. The lawsuit, which was outlined in...
Caroline Ellison Begins Federal Prison Sentence: What to Expect
Caroline Ellison, the former chief executive officer of Alameda Research, has started serving her two-year prison sentence after being convicted in relation to the collapse of the FTX crypto exchange. She made a deal...
SEC Challenges Kraken’s Defenses in U.S. Lawsuit
The U.S. Securities and Exchange Commission (SEC) has challenged Kraken's defenses in a lawsuit filed in November 2023. The SEC called Kraken's defenses "legally unsupportable" and asked for their dismissal. The regulator filed a...
